👐📲The cobalt in your phone, computer and electric car is mined in conditions of modern-day slavery 
 
70-75% of the world’s cobalt is produced in the Democratic Republic of the Congo, where so-called “artisanal” miners working with their bare hands and basic tools are paid ~$2 a day (and less than half that if they’re women and children).

👉 Big traders like Glencore (Switzerland), Trafigura (Singapore) and Huayou Cobalt (China) operate enrichment plants in the country, mixing the cheaply bought, hand-mined cobalt with industrially mined material to “purify” it and make it eligible for export.

The industry is rife with middlemen. Israeli billionaire Dan Gertler was one of the most prominent businessmen associated with the DRC’s cobalt sector until 2022, acting as a go-between for multinationals and the state for two decades.
 
💵 Dirty trade, global spread
 
DRC cobalt feeds lithium-ion battery makers, who sell their products to your favorite consumer electronics and electric car makers, including Apple, Google, Samsung and Tesla.

💰 The $1-2 earned by small miners is not a purchasing power issue. A living wage in mining hubs like Kolwezi is ~$520 a month, or ~$20 a day. Instead, what miners are really “earning” for their backbreaking labor is a severely shortened life expectancy, lung diseases, silicosis and tuberculosis, and even elevated levels of heavy metals in their families’ blood, causing birth defects and miscarriages.

Equivalent to “blood diamonds,” which have attracted international attention and celebrity informational campaigns, critical minerals and rare earths like cobalt have received nowhere near the same amount of consideration.

🇨🇩 The DRC’s struggle against the chains of neocolonialism was cut short in 1961, when President Patrice Lumumba was murdered by the Belgians and the CIA after trying to get a better deal for the nation’s vast mineral exports.

The most infuriating part? The DRC has an eyewatering $24-25T in untapped mineral assets, which means it should be one of the richest countries in the world. Instead it’s one of the poorest.

👍 Boost us | Chat | @geopolitics_prime